European stocks like H&M, Carlsberg, and Airbus are newly undervalued based on Morningstar Ratings.

From Morningstar: 2024-07-16 05:51:00

Over the past month, 18 stocks became undervalued with Morningstar Ratings of 4 or 5 stars. European stocks like Hennes & Mauritz, Carlsberg, and Airbus Group are among the newly undervalued. The European stock market is slightly undervalued by 2%, with 51% of the 249 stocks undervalued, as per Morningstar analysts.

Hennes & Mauritz, with a Morningstar Rating of 4 stars, saw a 6.39% return drop over the past month. Carlsberg, also with a 4-star rating, experienced a 9.45% return decrease. Airbus Group, rated 4 stars, had a hefty 10.71% return decline. The large-value stock Rio Tinto, with a 4-star rating, only saw a 0.21% return increase.

Oil and gas firm BP, with a Morningstar Rating of 4 stars, had a 2.45% return decline. Bank ING, rated 4 stars, saw a 4.37% return increase. Aerospace company BAE Systems, also with a 4-star rating, experienced an 8.68% return decrease. Information technology services company Capgemini, rated 4 stars, had a 0.55% return increase. Regional bank NatWest Group, also with a 4-star rating, saw a 4.35% return increase.

Insurance firm Swiss Life Group, with a Morningstar Rating of 4 stars, experienced a 6.25% return increase. All data in this article is sourced from Morningstar Direct and includes stock returns and fair value estimates for the month.



Read more at Morningstar: Newly Undervalued Stocks for the Month